EVENING. Business.

Russian firm to buy bankrupt Fokker: Russian aircraft...

July 10, 1996

Russian firm to buy bankrupt Fokker: Russian aircraft builder Aviatsionnaya Korporatsiya Yakovlev plans to buy the bankrupt Dutch aircraftmaker Fokker this year for $216.2 million, a senior Yakovlev official said. The official said Yakovlev would fund the purchase by borrowing from Western banks, and these credits would be backed by Russian government guarantees. A commission of Russian and Dutch ministries will examine the proposal and, if it approves, the matter will then go to the Russian Cabinet.